2nd cheque in 2 weeks for Reliance Retail, KKR picks up 1.28% stake for Rs 5,550 cr

US private equity firm KKR & Co will invest Rs 5,550 crore to buy a 1.28 per cent stake in Reliance Industries Ltd's retail arm as the Mukesh Ambani-run conglomerate extends fundraising spree that has already netted more than USD 20 billion. "KKR will invest Rs 5,550 crore into Reliance Retail Ventures Ltd (RRVL), a subsidiary of Reliance Industries Ltd," the Indian firm said in a statement.
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